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How can I find foreclosed homes to buy and flip in Toronto?
I'm thinking of buying a property that has been taken away by banks (foreclose) so that I can do some renovation and sell it (flip it). I heard that banks often auction these properties. Where can I find a listing of such house? I tried MLS but don't think I saw any. Any suggestions or experiences would be appreciated. Thanks.
2 Answers
- Anonymous1 decade agoFavorite Answer
You can go to a realtor in the area that you are interested in and have them search for houses that are for sale by lenders - mainly the big banks. They will likely be power of sale rather than foreclosures. There aren't a lot of these in Toronto and I don't think they are often sold by auction.
This isn't a good game for the unskilled or someone without deep pockets.
Source(s): Toronto realtor
